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Buyers Guide to Professional Services

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4 oneneck.com How are Professional Services Purchased? Professional Services are contracted IT services billed at either a fixed cost or hourly rate. Terms, including the scope of services, are outlined in a statement of work (SOW) . Chapter 3 Hourly Services • Hourly Rate • Flexible Ac vi es • Billed in advance (at discounted rate) or monthly Fixed Price Projects • Fixed Cost • Specific Ac vi es • Clear Deliverables • Billed at Milestones

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